STUDENT LOAN
WINNERS for 2021

Whether finally getting that doctorate or refinancing an existing student loan, bettering yourself through education is an amazing goal. We’ll help you find the right lender. And while many of the winners are our partners, this did not influence our decisions or opinions. Our opinions are our own.

Best-Of Awards > Student Loans

Best Student Loan Refinancing Overall (tie)

PenFed Student Loan Refinance
Check Rate

on Purefy's website

Fixed APR

2.89 - 5.08%

Min. Credit Score

670

Best for married couples who want to refinance their student loans into a single one.

Pros

  • Married couples can refinance student loans into a single loan.
  • You can refinance parent PLUS loans in your name.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

  • Estate is still responsible for the loan if the borrower dies.
Read full review

Qualifications

  • Typical credit score of approved borrowers or co-signers: 773.
  • Loan amounts: $7,500 to $300,000.
  • Must have a degree: Yes, at least a bachelor’s degree.

Available Term Lengths

  • 5, 8, 12 or 15 years

Disclaimer: Rates and offers current as of June 1, 2021. Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.89% APR - 5.08% APR. Fixed Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.

Fixed APR

2.89 - 5.08%

Min. Credit Score

670

Best for married couples who want to refinance their student loans into a single one.

Pros

  • Married couples can refinance student loans into a single loan.
  • You can refinance parent PLUS loans in your name.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

  • Estate is still responsible for the loan if the borrower dies.
Read full review

Qualifications

  • Typical credit score of approved borrowers or co-signers: 773.
  • Loan amounts: $7,500 to $300,000.
  • Must have a degree: Yes, at least a bachelor’s degree.

Available Term Lengths

  • 5, 8, 12 or 15 years

Disclaimer: Rates and offers current as of June 1, 2021. Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.89% APR - 5.08% APR. Fixed Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.

Why this Lender made the list

PenFed Powered by Purefy earns top marks among student loan refinance lenders based on the strength of its fast payoff features and its customer support.

Read our methodology

Best Student Loan Refinancing Overall (tie)

Earnest Student Loan Refinance
Check Rate

on Earnest's website

Fixed APR

2.50 - 5.79%

Variable APR

1.88 - 5.64%

Min. Credit Score

650

Best for borrowers who want to customize their repayment schedule to pay off debt fast.

Pros

  • Customizable payments and loan terms.
  • Option to skip one payment every 12 months.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

  • You can’t apply with a co-signer.
  • Loans aren't available in Kentucky and Nevada.
Read full review

Qualifications

  • Typical credit score of approved borrowers or co-signers: 760.
  • Loan amounts: $5,000 to $500,000.
  • Must have a degree: No, but must be within six months of graduation and have income or a job.

Available Term Lengths

  • 5 to 20 years

Disclaimer: Specific Annual Percentage Rate (APRs) offered within these ranges will depend on a variety of factors including your creditworthiness and other application details. Annual percentage rates (APRs) reflect 0.25% discount for optional enrollment in autopay. Your approval for an Earnest Loan is subject to the full underwriting of your loan application. Read more about qualifying for a loan with Earnest here: https://www.earnest.com/eligibility

Fixed APR

2.50 - 5.79%

Variable APR

1.88 - 5.64%

Min. Credit Score

650

Best for borrowers who want to customize their repayment schedule to pay off debt fast.

Pros

  • Customizable payments and loan terms.
  • Option to skip one payment every 12 months.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

  • You can’t apply with a co-signer.
  • Loans aren't available in Kentucky and Nevada.
Read full review

Qualifications

  • Typical credit score of approved borrowers or co-signers: 760.
  • Loan amounts: $5,000 to $500,000.
  • Must have a degree: No, but must be within six months of graduation and have income or a job.

Available Term Lengths

  • 5 to 20 years

Disclaimer: Specific Annual Percentage Rate (APRs) offered within these ranges will depend on a variety of factors including your creditworthiness and other application details. Annual percentage rates (APRs) reflect 0.25% discount for optional enrollment in autopay. Your approval for an Earnest Loan is subject to the full underwriting of your loan application. Read more about qualifying for a loan with Earnest here: https://www.earnest.com/eligibility

Why this Lender made the list

Earnest student loan refinance earns top marks among student loan refinance lenders due to its fast payoff features and transparency about requirements.

Read our methodology

Best Student Loan Refinancing for Parents

CommonBond Student Loan Refinance
Check Rate

on CommonBond's website

Fixed APR

2.98 - 5.79%

Variable APR

1.99 - 5.61%

Min. Credit Score

680

Best for borrowers who have a bachelor's degree and value repayment flexibility.

Pros

  • Forbearance of 24 months is longer than many lenders offer.
  • You can refinance parent PLUS loans in your name.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

  • Loans aren’t available in Mississippi and Nevada.
Read full review

Qualifications

  • Typical credit score of approved borrowers or co-signers: Did not disclose.
  • Loan amounts: $5,000 to $500,000.
  • Must have a degree: Yes, at least a bachelor's degree.

Available Term Lengths

  • 5, 7, 10, 15 or 20 years

Disclaimer: Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.16% effective Sep 1, 2020 and may increase after consummation.

Fixed APR

2.98 - 5.79%

Variable APR

1.99 - 5.61%

Min. Credit Score

680

Best for borrowers who have a bachelor's degree and value repayment flexibility.

Pros

  • Forbearance of 24 months is longer than many lenders offer.
  • You can refinance parent PLUS loans in your name.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

  • Loans aren’t available in Mississippi and Nevada.
Read full review

Qualifications

  • Typical credit score of approved borrowers or co-signers: Did not disclose.
  • Loan amounts: $5,000 to $500,000.
  • Must have a degree: Yes, at least a bachelor's degree.

Available Term Lengths

  • 5, 7, 10, 15 or 20 years

Disclaimer: Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.16% effective Sep 1, 2020 and may increase after consummation.

Why this Lender made the list

CommonBond is one of few lenders offering parent refinance options. Borrowers can transfer a loan to their child or refinance federal parent PLUS loans.

Read our methodology

Best Student Loan Refinancing for Doctors

SoFi Student Loan Refinance
Check Rate

on SoFi's website

Fixed APR

2.74 - 6.94%

Variable APR

2.25 - 6.59%

Min. Credit Score

650

Best for borrowers who want plenty of benefits with their refinanced student loan.

Pros

  • You can refinance parent PLUS loans in your name.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.
  • Additional perks like career planning, job search assistance and entrepreneurship support available.

Cons

  • No co-signer release available.
  • Loan size minimum is higher than most lenders.
Read full review

Qualifications

  • Typical credit score of approved borrowers or co-signers: 700+.
  • Loan amounts: $5,000, up to your total outstanding loan balance.
  • Must have a degree: Yes, an associate degree or higher.

Available Term Lengths

  • 5, 7, 10, 15 or 20 years

Disclaimer: Fixed rates from 2.74% APR to 6.94% APR (with autopay). Variable rates from 2.25% APR to 6.59% APR (with autopay). All variable rates are based on the 1-month LIBOR and may increase after consummation if LIBOR increases; see more at SoFi.com/legal/#1. If approved for a loan your rate will depend on a variety of factors such as your credit profile, your application and your selected loan terms. Your rate will be within the ranges of rates listed above. Lowest rates reserved for the most creditworthy borrowers. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi loans are originated by SoFi Lending Corp. or an affiliate (dba SoFi), a lender licensed by the Department of Financial Protection and Innovation under the California Financing Law, license #6054612; NMLS #1121636 (www.nmlsconsumeraccess.org). Additional terms and conditions apply; see SoFi.com/eligibility for details. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Fixed APR

2.74 - 6.94%

Variable APR

2.25 - 6.59%

Min. Credit Score

650

Best for borrowers who want plenty of benefits with their refinanced student loan.

Pros

  • You can refinance parent PLUS loans in your name.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.
  • Additional perks like career planning, job search assistance and entrepreneurship support available.

Cons

  • No co-signer release available.
  • Loan size minimum is higher than most lenders.
Read full review

Qualifications

  • Typical credit score of approved borrowers or co-signers: 700+.
  • Loan amounts: $5,000, up to your total outstanding loan balance.
  • Must have a degree: Yes, an associate degree or higher.

Available Term Lengths

  • 5, 7, 10, 15 or 20 years

Disclaimer: Fixed rates from 2.74% APR to 6.94% APR (with autopay). Variable rates from 2.25% APR to 6.59% APR (with autopay). All variable rates are based on the 1-month LIBOR and may increase after consummation if LIBOR increases; see more at SoFi.com/legal/#1. If approved for a loan your rate will depend on a variety of factors such as your credit profile, your application and your selected loan terms. Your rate will be within the ranges of rates listed above. Lowest rates reserved for the most creditworthy borrowers. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi loans are originated by SoFi Lending Corp. or an affiliate (dba SoFi), a lender licensed by the Department of Financial Protection and Innovation under the California Financing Law, license #6054612; NMLS #1121636 (www.nmlsconsumeraccess.org). Additional terms and conditions apply; see SoFi.com/eligibility for details. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Why this Lender made the list

SoFi is one of few lenders that lets doctors refinance during their residency or after. Residents are eligible for monthly payments of $100.

Read our methodology

Best Student Loan Refinancing for Fast Payoff

PenFed Student Loan Refinance
Check Rate

on Purefy's website

Fixed APR

2.89 - 5.08%

Min. Credit Score

670

Best for married couples who want to refinance their student loans into a single one.

Pros

  • Married couples can refinance student loans into a single loan.
  • You can refinance parent PLUS loans in your name.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

  • Estate is still responsible for the loan if the borrower dies.
Read full review

Qualifications

  • Typical credit score of approved borrowers or co-signers: 773.
  • Loan amounts: $7,500 to $300,000.
  • Must have a degree: Yes, at least a bachelor’s degree.

Available Term Lengths

  • 5, 8, 12 or 15 years

Disclaimer: Rates and offers current as of June 1, 2021. Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.89% APR - 5.08% APR. Fixed Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.

Fixed APR

2.89 - 5.08%

Min. Credit Score

670

Best for married couples who want to refinance their student loans into a single one.

Pros

  • Married couples can refinance student loans into a single loan.
  • You can refinance parent PLUS loans in your name.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

  • Estate is still responsible for the loan if the borrower dies.
Read full review

Qualifications

  • Typical credit score of approved borrowers or co-signers: 773.
  • Loan amounts: $7,500 to $300,000.
  • Must have a degree: Yes, at least a bachelor’s degree.

Available Term Lengths

  • 5, 8, 12 or 15 years

Disclaimer: Rates and offers current as of June 1, 2021. Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.89% APR - 5.08% APR. Fixed Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.

Why this Lender made the list

PenFed Powered by Purefy offers short loan terms and accepts biweekly and greater-than-minimum payments via autopay, helping borrowers repay loans faster.

Read our methodology

Best Private Student Loan

Ascent Co-signed Student Loan
Check Rate

on Ascent's website

Fixed APR

3.26 - 11.42%

Variable APR

1.85 - 9.60%

Min. Credit Score

540

Best for students with a creditworthy co-signer.

Pros

  • Among the best for payment flexibility.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.
  • Stands out for features that enable faster loan repayment.

Cons

  • Students enrolled less than half-time are not eligible.
  • Co-signer release not available to international students.
Read full review

Qualifications

  • Typical credit score of approved borrowers: Did not disclose.
  • Minimum income: $0 for primary borrower. $24,000 for current and previous year for co-signer.
  • Loan amounts: $1,000 to $200,000 per year with an aggregate loan limit of $200,000.

Available Term Lengths

  • 5, 7, 10, 12 or 15 years

Disclaimer: Ascent Student Loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 09/01/2021 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Click here for details. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner. Lowest APRs are available for the most creditworthy applicants and may require a cosigner.

Fixed APR

3.26 - 11.42%

Variable APR

1.85 - 9.60%

Min. Credit Score

540

Best for students with a creditworthy co-signer.

Pros

  • Among the best for payment flexibility.
  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.
  • Stands out for features that enable faster loan repayment.

Cons

  • Students enrolled less than half-time are not eligible.
  • Co-signer release not available to international students.
Read full review

Qualifications

  • Typical credit score of approved borrowers: Did not disclose.
  • Minimum income: $0 for primary borrower. $24,000 for current and previous year for co-signer.
  • Loan amounts: $1,000 to $200,000 per year with an aggregate loan limit of $200,000.

Available Term Lengths

  • 5, 7, 10, 12 or 15 years

Disclaimer: Ascent Student Loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 09/01/2021 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Click here for details. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner. Lowest APRs are available for the most creditworthy applicants and may require a cosigner.

Why this Lender made the list

Ascent scores top marks among private student loan lenders for its fast repayment features, customer support and wide variety of customers served.

Read our methodology

Best Student Loan for Parents

College Ave Parent Student Loan
Check Rate

on College Ave's website

Fixed APR

3.24 - 12.99%

Variable APR

1.04 - 11.98%

Min. Credit Score

Mid-600s

Best for parents who want to control some of their student's spending.

Pros

  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.
  • Up to $2,500 can be disbursed to you directly for school-related expenses.
  • You can choose your monthly payment while the student is in school, provided it covers at least the interest.

Cons

  • No co-signer option.
  • Estate is still responsible for the loan if the parent borrower dies.
Read full review

Qualifications

  • Typical credit score of approved borrowers: Mid-700s.
  • Minimum income: $70,000 per year.
  • Loan amounts: $1,000 up to school-certified cost of attendance.

Available Term Lengths

  • Between 5 and 15 years.

Disclaimer: College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 8/9/2021. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.

Fixed APR

3.24 - 12.99%

Variable APR

1.04 - 11.98%

Min. Credit Score

Mid-600s

Best for parents who want to control some of their student's spending.

Pros

  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.
  • Up to $2,500 can be disbursed to you directly for school-related expenses.
  • You can choose your monthly payment while the student is in school, provided it covers at least the interest.

Cons

  • No co-signer option.
  • Estate is still responsible for the loan if the parent borrower dies.
Read full review

Qualifications

  • Typical credit score of approved borrowers: Mid-700s.
  • Minimum income: $70,000 per year.
  • Loan amounts: $1,000 up to school-certified cost of attendance.

Available Term Lengths

  • Between 5 and 15 years.

Disclaimer: College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 8/9/2021. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.

Why this Lender made the list

College Ave offers parents three payment options while their child is in school and an option to borrow an additional $2,500 to help with school expenses.

Read our methodology

Best Student Loan for Independent Students

Ascent Independent Student Loan
Check Rate

on Ascent's website

Fixed APR

5.62 - 12.93%

Variable APR

4.10 - 11.35%

Min. Credit Score

Varies

Best for independent students with strong credit or upperclassmen with good grades.

Pros

  • Among the best for payment flexibility.
  • Grace period of 9 months is longer than most lenders.

Cons

  • International students are not eligible.
  • Freshmen, sophomores and those enrolled less than half-time are not eligible for future-income based loan.
Read full review

Qualifications

  • Typical credit score of approved borrowers: Did not disclose.
  • Minimum income: $24,000 per year for credit-based loan. No minimum for future-income based loan.
  • Loan amounts: $2,001 to $200,000 per year with an aggregate loan limit of $200,000 for credit-based loan. $2,001 to $20,000 per year for future-income based loan.

Available Term Lengths

  • 5, 7, 10, 12 or 15 years

Disclaimer: Ascent Student Loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 09/01/2021 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Click here for details. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner. Lowest APRs are available for the most creditworthy applicants and may require a cosigner.

Fixed APR

5.62 - 12.93%

Variable APR

4.10 - 11.35%

Min. Credit Score

Varies

Best for independent students with strong credit or upperclassmen with good grades.

Pros

  • Among the best for payment flexibility.
  • Grace period of 9 months is longer than most lenders.

Cons

  • International students are not eligible.
  • Freshmen, sophomores and those enrolled less than half-time are not eligible for future-income based loan.
Read full review

Qualifications

  • Typical credit score of approved borrowers: Did not disclose.
  • Minimum income: $24,000 per year for credit-based loan. No minimum for future-income based loan.
  • Loan amounts: $2,001 to $200,000 per year with an aggregate loan limit of $200,000 for credit-based loan. $2,001 to $20,000 per year for future-income based loan.

Available Term Lengths

  • 5, 7, 10, 12 or 15 years

Disclaimer: Ascent Student Loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 09/01/2021 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Click here for details. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner. Lowest APRs are available for the most creditworthy applicants and may require a cosigner.

Why this Lender made the list

Ascent scores highest among the few lenders offering private student loans that don’t require credit history or a co-signer, and it serves the most schools.

Read our methodology

DISCLAIMER

California: California Finance Lender loans arranged pursuant to Department of Business Oversight Finance Lenders License #60DBO-74812.

Frequently Asked Questions

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